181
181
Nov 30, 2012
11/12
by
FOXNEWSW
tv
eye 181
favorite 0
quote 0
talking about increasing taxes, letting the tax rate go up on people making over $250,000 a year. as i understand it, that's about $85 billion a year, funding the government for eight days. $85 billion is a lot of money, but if you look at government waste, even senator tom coburn has identified $20 billion in waste. has anybody thought about getting the revenue from waste, seeing just how much we really need? >> the problem has usually been if you rdise taxes, the spending cuts will come later, and they never seem to manifest. >> greta: but not even spending cuts. actually waste. >> well, yeah, waste and fraud and abuse are the famous three horsemen of cuts. but the fact is that many times they're harder to get to it would afternoon. i think tom coburn has done a great service by identifying a lot of duplication and waste in the government, including in the pentagon. i'm a defense hawk, but the pentagon needs to do a better job when it comes to handling the people's money too. you can't close that gap between spending and the debt by just raising taxes on the two upper income tax
talking about increasing taxes, letting the tax rate go up on people making over $250,000 a year. as i understand it, that's about $85 billion a year, funding the government for eight days. $85 billion is a lot of money, but if you look at government waste, even senator tom coburn has identified $20 billion in waste. has anybody thought about getting the revenue from waste, seeing just how much we really need? >> the problem has usually been if you rdise taxes, the spending cuts will come...
SFGTV: San Francisco Government Television
69
69
Nov 29, 2012
11/12
by
SFGTV
tv
eye 69
favorite 0
quote 0
in addition, there's going to be tax revenues and rent benefits. we walk through those with a consultant. at the completion, the business is operating in these buildings will generate almost $800,000 a year in general fund revenue. we didn't cost through the indirect impact of the spending of those businesses or the construction cost benefits because we thought this was a strong project looking at the direct benefit. there will also be 150 million a year going to the special funds for other -- that is other portions of civic need. i want to just walk through the next steps here. would be if you would endorse and find the fiscal feasibility and move forward. we do a lot more refining of the project. further project review including c-e-q-a, weild be coming forward with a proposed lease and transaction. * we'd we could start with construction next year, with occupancy in 2014. i'd like to quickly introduce eddie orton, let him speak a little more to what their interest and how they see this project moving forward and then i'm available for questions.
in addition, there's going to be tax revenues and rent benefits. we walk through those with a consultant. at the completion, the business is operating in these buildings will generate almost $800,000 a year in general fund revenue. we didn't cost through the indirect impact of the spending of those businesses or the construction cost benefits because we thought this was a strong project looking at the direct benefit. there will also be 150 million a year going to the special funds for other --...
114
114
Nov 28, 2012
11/12
by
CSPAN
tv
eye 114
favorite 0
quote 0
did the comprehensive tax reform. clinton, welfare reform and balanced the budget for multiple years in the late 1990's. this is the perfect time to solve single biggest problem confronting our country and we are anxious to sit down and get the job done. \[inaudible question] >> dick durbin says as talks continue on of this booklet democrats must be open to painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good morning, everyone. thank you for being here. i am the president of the center for american progress. we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have
did the comprehensive tax reform. clinton, welfare reform and balanced the budget for multiple years in the late 1990's. this is the perfect time to solve single biggest problem confronting our country and we are anxious to sit down and get the job done. \[inaudible question] >> dick durbin says as talks continue on of this booklet democrats must be open to painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good...
SFGTV: San Francisco Government Television
90
90
Dec 2, 2012
12/12
by
SFGTV
tv
eye 90
favorite 0
quote 0
also because of their credit, their ability and their experience, able to bring tax credit investor, equity investment which is a 20% of the project cost as another equity partner into this. and strong debt. so, because of that and the rent, we can draw the capital needed. it's managing the costs is going to be the challenge here, but we think we have the skills and the partner to move forward. as i said, this is the term sheet. this is laying out the framework that we dive into next is really digging into all the costs. really working through the engineering. and when we're back here next year, we're going to know more on answering that and showing you exactly where the numbers are coming from and how we're going to verify and control the costs. and then the last piece i'm about to step to is the structure of the deal here. this is a partnership deal. the port gets no revenue from these buildings now. in fact, we are a liability. we have problems out there. we could possibly document the loss of capital we've had from metal theft. but we are not asking for a guaranteed rent from the
also because of their credit, their ability and their experience, able to bring tax credit investor, equity investment which is a 20% of the project cost as another equity partner into this. and strong debt. so, because of that and the rent, we can draw the capital needed. it's managing the costs is going to be the challenge here, but we think we have the skills and the partner to move forward. as i said, this is the term sheet. this is laying out the framework that we dive into next is really...
SFGTV: San Francisco Government Television
131
131
Dec 2, 2012
12/12
by
SFGTV
tv
eye 131
favorite 0
quote 1
with the property taxes it's 780,000 that is on going basis. it's not a small number and not as many commas in it but it will generate the general fund. we call out property taxes separately because in the greater context of pier 70 we may may look at a funding mechanism for this and even if we do that there is a fiscal benefits. there are benefits to special funds through the city. mta will get $70,000 a year and these special funds coming off property taxes, so that's the highlights. this is as we went over in october the potential revenue streams to the port over time. it could possibly range in our expected case that by 10 to 12 years out we are at $700,000 a year of rent but that depends how the cost and revenues bear out, so sorry -- our next steps here the board will endorse. we will keep refining the project. we will be back to you in early 2013 and get construction going and get people out there in the businesses. i am available for any questions. >> thanks. >> there is no action required today. the action was in october. >> okay. okay
with the property taxes it's 780,000 that is on going basis. it's not a small number and not as many commas in it but it will generate the general fund. we call out property taxes separately because in the greater context of pier 70 we may may look at a funding mechanism for this and even if we do that there is a fiscal benefits. there are benefits to special funds through the city. mta will get $70,000 a year and these special funds coming off property taxes, so that's the highlights. this is...
152
152
Nov 28, 2012
11/12
by
FBC
tv
eye 152
favorite 0
quote 0
by entities real-estate taxes and income taxes? you are buying into that? sandra: i have to believe in it. property taxes are very high but illinois is better off than a lot of the other 11 states mentioned in this forum to write a. there are 105 acres in illinois for every 100 givers and as many other states that are far worse off, where are you going to go? i choose to believe in my own state. texas is far better off. what you going to do in texas? work in the oil industry? you have proximity to your job. stuart: i couldn't do this show from texas. sandra: i am not willing to give up that quickly. stuart: get your views later. we will hear from you later. charles: whatever steve said. stuart: a moment ago with you heard my take on the california so-called come back, now we are going to hear from california's own mike reagan from reagan.com. welcome back. headline in the new york times you know what i'm talking about. california finds economic gloom starting to lift and the premise of their argument is those tax increases will produce a budget surplus in c
by entities real-estate taxes and income taxes? you are buying into that? sandra: i have to believe in it. property taxes are very high but illinois is better off than a lot of the other 11 states mentioned in this forum to write a. there are 105 acres in illinois for every 100 givers and as many other states that are far worse off, where are you going to go? i choose to believe in my own state. texas is far better off. what you going to do in texas? work in the oil industry? you have proximity...
106
106
Nov 28, 2012
11/12
by
CSPAN
tv
eye 106
favorite 0
quote 0
we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending without jeopardizing our core commitments in national defense and protecting our most vulnerable. and we can jump-start our economy by assuring americans that congress and the president can work together to get the job done and deal courageously with the pressing problems of today. when it comes to the fiscal cliff, the president and congress will either fail together orwell succeed together. there's -- or we'll succeed together. i'm confident we can pass the test and do what's good and right for the american people. >> the president's been talking a lot about taxes lately, and as a c.p.a. who practiced tax for years and a member of the ways and means committee, there's no one who likes to talk about tax more than i do. but let's be honest. talking about taxes is not going to solve the problem that america faces. we have to turn to the spending side of the ledger. and furthermore, his tax proposal will kill about 700,000 jobs and do harm to
we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending without jeopardizing our core commitments in national defense and protecting our most vulnerable. and we can jump-start our economy by assuring americans that congress and the president can work together to get the job done and deal courageously with the pressing problems of today. when it comes to the fiscal cliff, the president and congress will either fail together...
169
169
Nov 29, 2012
11/12
by
CURRENT
tv
eye 169
favorite 0
quote 0
by letting the bush tax cuts expire they get trillions of revenue while preserveing tax cuts for the 98%. how can you be except that? >> stephanie: it's so wear to see a moment of naivete from jim. close the door. >> close the door, wow. >> stephanie: karl, before we go, what is your take on this susan rice thing susan collins now expressing that she's also troubled. >> i'm very troubled. >> stephanie: here's what i don't get, wouldn't he be nominated for secretary of defense any way? >> there's been speculation that he would go up for either one of them. i think he would be perfectly godgood at either one of them, but it all comes down to them not liking susan rice and wanting to blame her for things that happened in the 90s too. >> stephanie: she was also responsible for the coal bomb,. >> we need help with women let's go after one. >> stephanie: yes, exactly. karl frisch, you are delightful. i love you. come back. >> any time. >> stephanie: right back on "the stephanie miller show"." governor tomorrow night. she is awesome. we'll be right back on the "stephanie miller show." [ ♪
by letting the bush tax cuts expire they get trillions of revenue while preserveing tax cuts for the 98%. how can you be except that? >> stephanie: it's so wear to see a moment of naivete from jim. close the door. >> close the door, wow. >> stephanie: karl, before we go, what is your take on this susan rice thing susan collins now expressing that she's also troubled. >> i'm very troubled. >> stephanie: here's what i don't get, wouldn't he be nominated for secretary...
185
185
Nov 28, 2012
11/12
by
CNBC
tv
eye 185
favorite 0
quote 0
at the same time if the 2013 tax code more than doubles the taxes on dividends. i want to be there with my ropes, make them so i can secure myself and get them right back in. here's the bottom line. i don't want it to go over the fiscal. i'm a 46 in the adirondacks. the losses on the cliff won't impact the legislators until after the market climbs and unemployment skyrockets. it will be cause -- the cliff is going to close soon and you'll be up there with your home depot, sherwin-williams and at&t. why not be profitable on the other side of the valley. let's go to robbie in michigan, please. >> caller: with the 27% increase today, should i take my money and run? >> i don't know if it's going to be a 40. walt in new hampshire. how do youing? >> caller: boo ya from concord, new hampshire. >> "the monitor" me a job in 1977 and i almost took it. >> whirlpool, should i hang on? >> even though it's up 116%, it should not be sold. i owned it in the 50s in my law school dorm in 1983. let's hold on to this and go to patrick in washington. >> caller: hi, jim. booya. given
at the same time if the 2013 tax code more than doubles the taxes on dividends. i want to be there with my ropes, make them so i can secure myself and get them right back in. here's the bottom line. i don't want it to go over the fiscal. i'm a 46 in the adirondacks. the losses on the cliff won't impact the legislators until after the market climbs and unemployment skyrockets. it will be cause -- the cliff is going to close soon and you'll be up there with your home depot, sherwin-williams and...
106
106
Dec 6, 2012
12/12
by
CSPAN
tv
eye 106
favorite 0
quote 0
pays a lot of money in payroll taxes and sales taxes and state and local taxes and property taxes. it adds up even if they're not paying income tax. host: how would you compare the current talks to july 2011 and the debt limit, fiscal cliff, sequestration -- guest: the debt limit talks definitely set the stage for this. they were not completely without value. i get the sense it is a lot more serious now. it has almost been like a year- and-a-half long negotiation. with the real deadline being the expiration of the bush tax cuts at the end of this year. to some extent, now they're getting to the real deadline and it is more serious. host: have you written one of the, if we go over the cliff, this is what happens-type article? guest: yes. people would probably start feeling it in their paychecks pretty quickly. never mind what it means to the broader economy. it will hit. it will hurt a lot of people. if we did not change the law and it went one month, two months, three months, it could lead to another recession because there be such a sharp drop in people's incomes and it would be s
pays a lot of money in payroll taxes and sales taxes and state and local taxes and property taxes. it adds up even if they're not paying income tax. host: how would you compare the current talks to july 2011 and the debt limit, fiscal cliff, sequestration -- guest: the debt limit talks definitely set the stage for this. they were not completely without value. i get the sense it is a lot more serious now. it has almost been like a year- and-a-half long negotiation. with the real deadline being...
126
126
Nov 29, 2012
11/12
by
KQED
tv
eye 126
favorite 0
quote 0
the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we're not raising rates. >> brown: despite the president's talk of changing minds, "politico's" manu raju says that privately, house republicans think they can win this fight. >> right now the republican leadership feels pretty confident that they have most of their folks in line. they all generally support keeping tax rates low for virtually for every single income group. they do not want to see incomes increase for that top tax bracket. >> brown: meanwhile, on the senate floor, minority le
the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small...
105
105
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 105
favorite 0
quote 0
. >> read my lips, no new taxes. and when he violated that pledge -- >> off with his head! ♪ >>> we begin with a very busy day in washington and an array of meetings that would put your average speed dating event to shame. as we know, politics sometimes makes strange bedfellows. in this case one unusual lunch day. this afternoon the president hosted his vanquished rival, mitt romney. no word yet on if mr. romney found the cookies up to his rig rouse standards or how many white house beers the president decided to drink. we're also holding out hope that a savvy waiter or waitress caught at least 47% of the lunch on cell phone video. while in washington romney also met with his former running mate, the marathoner paul ryan, and offered a few kind words about him to the press. >> mr. romney, how was your meeting with mr. ryan today? was it nice to see him? >> that's a greet friend. good to be with him. >> good to be with him? >> always great to see paul ryan. >> while today's lunch was perhaps an opportunity to shake after a hard fought campaign, not everybody was feeling so
. >> read my lips, no new taxes. and when he violated that pledge -- >> off with his head! ♪ >>> we begin with a very busy day in washington and an array of meetings that would put your average speed dating event to shame. as we know, politics sometimes makes strange bedfellows. in this case one unusual lunch day. this afternoon the president hosted his vanquished rival, mitt romney. no word yet on if mr. romney found the cookies up to his rig rouse standards or how many...
1,858
1.9K
tv
eye 1,858
favorite 0
quote 0
john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt coupled with spending cuts but the republican controlled house says the president has not responded to their latest proposal. >> i think we made a good-faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue and frankly it was the balanced approach mr. president has been asking for. erick kanter announced today there will be no adjournment into a credible solution to the fiscal cliff is found. >> house lawmakers proposed a bill today they claim will bring the costs under control and provide a safe retirement, it creates two groups of public emp
john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt coupled with...
120
120
Nov 29, 2012
11/12
by
CSPAN
tv
eye 120
favorite 0
quote 0
then personal income taxes. then taxes on consumption, and taxes on property. most of these find that taxes on consumption -- the closest thing we have on the federal level is the payroll tax -- would have no direct tax on consumption like every other country in the oecd. that is a consumption tax. many economists and they oecd find that those taxes have no relationship with economic growth. it is the taxes it -- it is not the taxes on consumption that hard economic growth. host: this is part of a continuing series on "washington journal" focusing on a fiscal cliff. our conversation has broadened. to bring it back to the payroll tax cut and remind you it was enacted in december of 2010, designed to temporarily boost the economy and reduce the tax to% from 6.2% to 4.2% and increased take-home pay about an average of $1,000 to $1,800 per worker. it expires at the end of the year, rates will revert back to 6.2%. if you make $35,000 or so, that will be an extra $700 in taxes. the $2,000, an extra thousand dollars. 75,000, $1,500. finally, $110,000, the upper limit
then personal income taxes. then taxes on consumption, and taxes on property. most of these find that taxes on consumption -- the closest thing we have on the federal level is the payroll tax -- would have no direct tax on consumption like every other country in the oecd. that is a consumption tax. many economists and they oecd find that those taxes have no relationship with economic growth. it is the taxes it -- it is not the taxes on consumption that hard economic growth. host: this is part...
132
132
Nov 28, 2012
11/12
by
FOXNEWSW
tv
eye 132
favorite 0
quote 0
that challenge was based on the individual mandate, saying all of us are mandated to pay this tax or have a fine. that was thrown out on a technicality. now the supreme court yesterday said hey, lower court, you should have heard another claim that they brought the university brought, having nothing to do with the mandate, but having to do with forcing this university to provide abortion and contraceptive care. >> bill: the abortion care, that's the after pill that you're talking about? >> the after pill abortion, right. >> bill: all right. so liberty university doesn't want to include that in their insurance to their employees for religious reasons. >> it does not make sense. >> bill: it makes sense to me, but this thank is what the catholic church was arguing. so the supreme court told the lower court, you have to hear this. >> the 4th circuit said this isn't right because it hasn't taken effect yet. it has to be an issue that is present before them. it's not. so now they said, go back and decide it. you should decide it on the merit because the issue is ripe. so now they can't avo
that challenge was based on the individual mandate, saying all of us are mandated to pay this tax or have a fine. that was thrown out on a technicality. now the supreme court yesterday said hey, lower court, you should have heard another claim that they brought the university brought, having nothing to do with the mandate, but having to do with forcing this university to provide abortion and contraceptive care. >> bill: the abortion care, that's the after pill that you're talking about?...
137
137
Nov 29, 2012
11/12
by
FBC
tv
eye 137
favorite 0
quote 0
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and everyews dia outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced u areefor tax increases and we will tell everyone you are impor
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not...
152
152
tv
eye 152
favorite 0
quote 0
and he's raised tax rates and he was elected based on his tax the rich policy. he says that america is poised to take off and if it doesn't, it's the republicans fault. listen. >> you have the u.s. chamber of commerce hardly an arm of my administration or the democratic party. i think, said the other day, we can't be going through another debt crisis, a debt ceiling crisis like we did in 2011. that has to be dealt with. so, i think businesses are going to be ready to hire. we're seeing pretty strong consumer confidence despite weaknesses in europe and even in asia. i think america is poised to take off. stuart: well, the republicans are set to respond today when speaker boehner goes in front of the cameras. will he show signs of retreat or any sign of compromise? remember, the president wants higher tax rates. will john boehner try to move the line that the president has drawn? we will have it for you live here on "varney & company" starting around ten o'clock eastern. then we have darden restaurants, the parent of olive garden, red lobster. it says its business
and he's raised tax rates and he was elected based on his tax the rich policy. he says that america is poised to take off and if it doesn't, it's the republicans fault. listen. >> you have the u.s. chamber of commerce hardly an arm of my administration or the democratic party. i think, said the other day, we can't be going through another debt crisis, a debt ceiling crisis like we did in 2011. that has to be dealt with. so, i think businesses are going to be ready to hire. we're seeing...
109
109
Nov 28, 2012
11/12
by
KQEH
tv
eye 109
favorite 0
quote 0
i think people are unsure about what the taxes are going to be on charitable gifts next year. as a result of that, they would rather do something, they can gift when they know what the deductions going to be, rather than having it be a mystery. we're seeing accelerated giving, which is great, but hopefully there be a lot of charity next year as well. >> tom: eileen heisman along with us, she's with the national philanthropic trust. >> thanks. >> susie: tomorrow on nbr, honeywell c.e.o. david cote will be on capitol hill talking with republican leaders about the fiscal cliff. after that, he'll join us with the news and his analysis. >> tom: "beyond the scoreboard" tonight, google is a feared competitor, from its dominant position in internet search to the android smart phone software. now, it's getting into the game of live professional sports video. here's rick horrow. >> reporter: google has agreed to pay the nba a figure in the low six digits to stream 350 development league games on youtube this season. the deal marks the most live games on youtube by a major professional s
i think people are unsure about what the taxes are going to be on charitable gifts next year. as a result of that, they would rather do something, they can gift when they know what the deductions going to be, rather than having it be a mystery. we're seeing accelerated giving, which is great, but hopefully there be a lot of charity next year as well. >> tom: eileen heisman along with us, she's with the national philanthropic trust. >> thanks. >> susie: tomorrow on nbr,...
82
82
Nov 30, 2012
11/12
by
FBC
tv
eye 82
favorite 0
quote 0
we see all the taxes raised. which is something he wants more government, the more money for the government, less from the private sector, more for the government. two, the military would have to drastically cut expenditures, he doesn't seem too bothered by that. he could blame republicans for anything that went wrong. do you go that far to think perhaps the president doesn't want a resolution? >> he has not given an indication it is a top priority. a top priority you would try to work with the other side and how you can work with the other side. to make demands that are this far off of where we were starting from, seems to knot be really trying to move forward on this so it does lead one to wonder what he is trying to do. we've got the real problem out there, we've got the fiscal cliff, yes, that's interesting but what is really concerning is hitting that debt ceiling which will probably happen sometime around february. we all remember what that was like in august of 2011 and this group seems to be even less wil
we see all the taxes raised. which is something he wants more government, the more money for the government, less from the private sector, more for the government. two, the military would have to drastically cut expenditures, he doesn't seem too bothered by that. he could blame republicans for anything that went wrong. do you go that far to think perhaps the president doesn't want a resolution? >> he has not given an indication it is a top priority. a top priority you would try to work...
132
132
Dec 3, 2012
12/12
by
FOXNEWSW
tv
eye 132
favorite 0
quote 0
how about you want a tax on junk food. >> we have it built to make sure many money so that the carbohydrate products in the market. we are giving the consumer the choice to choose what they want to consume. >> good food would cost less, sugary food would cost more. >> is orange juice and arm juice junk food? >> i don't think they are. >> they have more sugar than coke and pepsi. >> we will cross that bridge when we get there. i love my apples and like my orange. >> you also helped get these calorie counts posted at fast food places. >> that is correct. >> you go into mcdonalds you say this has this many calories. >> we have consumers making choices based on what they see. we have managed to see a wonderful number of decrease in people suffering from obesity and diabetes. >> it is decreasing? >> it is moving in that direction as mcdonalds and burger king are becoming to be more responsible. >> are real studies being done on this? put up the label tell us what the calorie count is. nyu went into the fast food places your law went into effect and people said yeah it's great we can see the calo
how about you want a tax on junk food. >> we have it built to make sure many money so that the carbohydrate products in the market. we are giving the consumer the choice to choose what they want to consume. >> good food would cost less, sugary food would cost more. >> is orange juice and arm juice junk food? >> i don't think they are. >> they have more sugar than coke and pepsi. >> we will cross that bridge when we get there. i love my apples and like my...
101
101
Nov 28, 2012
11/12
by
CSPAN
tv
eye 101
favorite 0
quote 0
tax. if we want to look for more revenue, we would start their of the things that are not taxed at all and try to bring more revenue that way first. host: why do we have tax rates? where do they come from? what is the history? guest: why do we have tax rates? host: the varying tax rates, 10%, 6%, up to 39.6%, or whatever. guest: in 2001, the rate started at 15% and went up to about 40%. we have a long history of having -- having a progressive income tax system. there is a bipartisan interest in the wealthier paying a higher share of their income. that is a system we have had since income taxes were put in place. in order to get the type of progress city that we have in place today, it can only be achieved with a progressive rate structure. in the 1990's, more radical tax reform ideas were passed of moving from an income tax to a consumption tax. and there was a popular movement to promote a flat tax. it would also have been progress of because we would not have taxed the first $20,000 wort
tax. if we want to look for more revenue, we would start their of the things that are not taxed at all and try to bring more revenue that way first. host: why do we have tax rates? where do they come from? what is the history? guest: why do we have tax rates? host: the varying tax rates, 10%, 6%, up to 39.6%, or whatever. guest: in 2001, the rate started at 15% and went up to about 40%. we have a long history of having -- having a progressive income tax system. there is a bipartisan interest in...
167
167
Dec 4, 2012
12/12
by
CSPAN
tv
eye 167
favorite 0
quote 0
tax. >> anyone want to weigh in on these? david, i see you smiling down there. >> i was waiting for judd to jump in. he is the one that convinced me. >> ultimately, i think have gotten more than they can handle. the revenue targets the needs to reach, the spending targets they need to reach now knocked enormous, but if you look down the road, in particular at health care spending, given the discussion we had before, we can do everything we want to try to control health-care spending, but another way to help control health care spending is earmarked a value-added tax toward revenue which would have an immediate link between how much was spent, how much people have to pay in taxes, it would eliminate their repressivity of that, and it would inoculate the deficit from uncertainty about health-care reform. health care reform will take a long time. it is more complicated than tax reform. we have had one major tax reform in the last 50 years, thanks to senator packwood and others. we cannot wait
tax. >> anyone want to weigh in on these? david, i see you smiling down there. >> i was waiting for judd to jump in. he is the one that convinced me. >> ultimately, i think have gotten more than they can handle. the revenue targets the needs to reach, the spending targets they need to reach now knocked enormous, but if you look down the road, in particular at health care spending, given the discussion we had before, we can do everything we want to try to control health-care...
102
102
Dec 6, 2012
12/12
by
CSPAN
tv
eye 102
favorite 0
quote 0
as i just indicated, it includes a $2 trillion tax increase over ten years, the biggest real-dollar tax increase in u.s. history. it increases taxes on nearly one million small businesses in the middle of a jobs crisis. according to ernst & young, this type of rate hike would cause more than 700,000 americans to lose their jobs. it raises taxes on investment income, harming economic growth even more. it includes tens of billions of dollars in more washington spending in a deal supposedly to cut the deficit. and most outrageous of all, it gives the president of the united states unilateral power to raise the limit on the federal credit card, the so-called debt ceiling, whenever he wants or as much as he wants. and while i'm flattered the administration has taken to calling this the -- quote -- "mcconnell provision" they seemed to have forgotten how this worked in the budget control act. we gave the president the authority then to request a debt ceiling increase, but that was only after the white house agreed to $2 trillion in cuts to washington spending and agreed to be bound by the timi
as i just indicated, it includes a $2 trillion tax increase over ten years, the biggest real-dollar tax increase in u.s. history. it increases taxes on nearly one million small businesses in the middle of a jobs crisis. according to ernst & young, this type of rate hike would cause more than 700,000 americans to lose their jobs. it raises taxes on investment income, harming economic growth even more. it includes tens of billions of dollars in more washington spending in a deal supposedly to...
114
114
Nov 28, 2012
11/12
by
CSPAN2
tv
eye 114
favorite 0
quote 0
the idea was to cut taxes to raise revenue to going fund the great society programs. he went to the senate, which was oppose to the ultimately goal of, you know, significance civil rights legislation and convinced the dean of the senate, who was the budget chairman that he would commitment to a budget that was year to year a decrees. not like now where it's a decrease off the growth. they use a weird account thing in washington. a dollar for dollar reduction in the budget the first time, i think, in fifty years or that took place and he got that done. it required working, sending a limo secretly to the senate to bring the senator to, bird, i believe it was to the white house to come in and to be courted in effect and held up high and, you know, be beloved by the junior president of the united states, his junior when they were in the senate together and he got the most significant civil rights legislation passed in american history. all in six weeks. all because of leadership. all because he if not let go. it it required grabbing people by the shoulder and not letting
the idea was to cut taxes to raise revenue to going fund the great society programs. he went to the senate, which was oppose to the ultimately goal of, you know, significance civil rights legislation and convinced the dean of the senate, who was the budget chairman that he would commitment to a budget that was year to year a decrees. not like now where it's a decrease off the growth. they use a weird account thing in washington. a dollar for dollar reduction in the budget the first time, i...
196
196
Nov 29, 2012
11/12
by
CNBC
tv
eye 196
favorite 0
quote 0
versus the 2013 tax code. we're glued each week to the jobless claims and they come out at 8:30 and right now they aren't going up or down and that's because business is frozen. if you're thinking about creating a business, you want to know if you sell it you get a good capital gains rate. if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every thursday as the claims spike because of mandated layoffs particularly in a military industrial complex. people will lose that right in 2013. and thousands of other companies are slimming down because, hey, we failed to rise above. when that happens, believe me, you'll want every bit of this mountain gear. you'll want the ice ax. man, we got to use this. this will no longer just be a key chain because if we're cl m climbing out of the cliff you need to be the first there and with the best stocks. i envision all segments of the m
versus the 2013 tax code. we're glued each week to the jobless claims and they come out at 8:30 and right now they aren't going up or down and that's because business is frozen. if you're thinking about creating a business, you want to know if you sell it you get a good capital gains rate. if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every...
134
134
Nov 30, 2012
11/12
by
CSPAN
tv
eye 134
favorite 0
quote 0
there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim from twitter says -- guest: absolutely. a lot of these credits and deductions, the standard deduction exceeds what you would get, that you just take that. host: the specific credits we have been talking about prompt a question from cindy. guest: yes. you generally have to be working are working outside the home. host: is there an hour requirements? guest: there are a lot of specific requirements. host: kay from richmond, virginia. caller: if somebody is working as hard as they can and making less than $50,000 a year, they count on this refund every y
there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim...
96
96
Dec 5, 2012
12/12
by
CSPAN2
tv
eye 96
favorite 0
quote 0
for millions of people the 2001 tax bill only change the name of the tax that i the name of the tax that i pay. i got very little benefit from the rate reduction because i was shifted over but in my opinion it has nothing to do the absence of the index but a result of the conscious vision to hide the cost as the bush tax cuts to be that amt in place >>host: the highest amt is 20% but after 2001 if the tax rate was lowered a to defy% used had to pay a mts backtracked but incomes between 200 north that is hitting the 35% rate and the end comes are lower than the levels at which you would hit the 35% rate. there is a bazaar rate structure. >>host: why is it called a patch? >>guest: one time, year by year, patch, of the broad expansion. you could say why do they call it a cliff? [laughter] it is discussed in a terms of apache and it is a year by year increase. of the patches nothing but an increase of the exemption to prevent tens of millions of people to be forced to fallout their return. what makes this critical in the discussion is weird talking about the package for 2012 i'd like the res
for millions of people the 2001 tax bill only change the name of the tax that i the name of the tax that i pay. i got very little benefit from the rate reduction because i was shifted over but in my opinion it has nothing to do the absence of the index but a result of the conscious vision to hide the cost as the bush tax cuts to be that amt in place >>host: the highest amt is 20% but after 2001 if the tax rate was lowered a to defy% used had to pay a mts backtracked but incomes between...
161
161
Dec 6, 2012
12/12
by
CNBC
tv
eye 161
favorite 0
quote 0
>> the tax code says sell apple. if you own it in a taxable account, i feel you've been given a fantastic opportunity to pay a lower tax rate on your profits than you will in a few week's time. given that i think many people own apple in their taxable or "mad money" accounts, it might be in the cross hairs of the fiscal cliff. you combine the greatest capital gains generator out there of all time in the change of tax code of uncertain proportions, it's almost impossible to justify not selling. those people then impact the chart and the chart is signaled code red and causes the institutions to worry that, perhaps, the stock can bring down the performance, which brings in still more selling. >> sell, sell, sell! >> it's a vicious cycle down. it makes a ton of sense. let's talk about what can happen here. year end, 2013, it will be too late to sell to get the tax break. we'll find out, i believe, that apple's ipad sales are through the roof, including the mini, the iphone will have bigger sales than thought in the u.s.
>> the tax code says sell apple. if you own it in a taxable account, i feel you've been given a fantastic opportunity to pay a lower tax rate on your profits than you will in a few week's time. given that i think many people own apple in their taxable or "mad money" accounts, it might be in the cross hairs of the fiscal cliff. you combine the greatest capital gains generator out there of all time in the change of tax code of uncertain proportions, it's almost impossible to...
75
75
Dec 3, 2012
12/12
by
CSPAN
tv
eye 75
favorite 0
quote 0
there are the tax so-called charitable foundations who pay no taxes. two of the richest men in our country, warren buffett and gates put all their $140 billion into a charitable trust. i like to hear your comments about these things. host: do you take advantage of deductions? caller: very little. they tax my social security. host: ok. john mckinnon. guest: the caller makes two good points. major corporations pay lower tax rates. high-tech companies pay very low tax rates. this is a problem that companies around the world are a part of. u.s. companies are not the only ones. there is a global race to the bottom in terms of tax rates. there are lots of tax havens around the world and these countries are taking advantage of these tax haven countries. some of them are big western european countries. it is a problem that leaders of governments around the world are trying to address but it is difficult. there is global competition for the business of these companies. they are drawn to the countries with the lowest tax rates. the companies will say they do pay
there are the tax so-called charitable foundations who pay no taxes. two of the richest men in our country, warren buffett and gates put all their $140 billion into a charitable trust. i like to hear your comments about these things. host: do you take advantage of deductions? caller: very little. they tax my social security. host: ok. john mckinnon. guest: the caller makes two good points. major corporations pay lower tax rates. high-tech companies pay very low tax rates. this is a problem that...
141
141
Dec 1, 2012
12/12
by
CSPAN
tv
eye 141
favorite 0
quote 0
that would be tax-free income. that would be a way of tax avoidance. there are some legitimate worries about debt forgiveness. i think there is a logic to doing it forever. as long as you are sure it is a city with a decline in property value and losing the home, it is not really tax evasion. why did they do it for five years? we have a political department that might be better at answering that. host: what was the housing market like in the 2007? make a comparison of what was going on in 2007 and what is happening now. guest: it was beginning to tank. values peaked around 2006 and in some places 2007. it is the year we began to see the foreclosures and the problems with a sub prime mortgages. the context was, we were not in a recession yet. it was not like 2007 -- 2008 when everyone had a problem. in 2007 it was clear there were going to be a lot of defaults and this was potentially a problem. this tool can be an efficient way of handling what would otherwise be expensive foreclosures. host: we want to make sure the viewers understand what we are talk
that would be tax-free income. that would be a way of tax avoidance. there are some legitimate worries about debt forgiveness. i think there is a logic to doing it forever. as long as you are sure it is a city with a decline in property value and losing the home, it is not really tax evasion. why did they do it for five years? we have a political department that might be better at answering that. host: what was the housing market like in the 2007? make a comparison of what was going on in 2007...
137
137
Dec 6, 2012
12/12
by
CSPAN2
tv
eye 137
favorite 0
quote 1
tax. today this tax -- also known as the estate tax -- is set up at a top rate of 35%, with an exception for the first $5.1 million of the estate's value. well, those are the levels that congress set and the president agreed to in 2010. a republican house of representatives, democrat senate, as well as the president -- democrat in the white house. 2010. those are th levels are now setp dramatically to a top rate of 55% with an compe exemption fort the first $1 million. $1 million as you understands like a lot of money -- $1 million sounds like a lot of money until you start looking at family farms. farmers have a lot of assets such as land, buildings and livestock. those things are worth a lot of money for purposes of calculating the value of someone's estate. but they aren't liquid assets. you can't just spend a tractor. once a mom or dad dies in the farm family, the i.r.s. wants the death tax paid within nine months. the taxes collected -- though it is calculated on the big valuations fo
tax. today this tax -- also known as the estate tax -- is set up at a top rate of 35%, with an exception for the first $5.1 million of the estate's value. well, those are the levels that congress set and the president agreed to in 2010. a republican house of representatives, democrat senate, as well as the president -- democrat in the white house. 2010. those are th levels are now setp dramatically to a top rate of 55% with an compe exemption fort the first $1 million. $1 million as you...
169
169
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 169
favorite 0
quote 0
it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense to crazy tea par party, he was outraged by his suggestion. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a point we should agree op. >> tom cole also made it clear he is still a b
it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense...
143
143
Dec 2, 2012
12/12
by
MSNBCW
tv
eye 143
favorite 0
quote 0
it's taxes. taxes. okay, you can say taxes. when you separate taxes from revenue, we are going to raise revenue, not taxes, you get strange things, it seems. there's all sorts of privatization. take the highway, we are going to sell it to you. lease it back and get a one-time payment from that. this is something that's happening right now in baltimore that i think is pretty fascinating. take a look. >> i thought it was idiotic. why do we want to look like nascar? look like a bus going down the street. after the shock wore off, this shows how far we have to go to think outside of the box. >> reporter: chicago sold ad space on iconic bridges to bank of america. philadelphia rented out a transitation to at&t. brazil indiana let kfc advertise on fire hydrants. >> baltimore, in case that wasn't there, they are selling ad space on fire trucks. were you tempted? was there anything you were thinking of putting up on the auction block? >> we are not purists. you know, you see things get named from time-to-time. those are extremes. those
it's taxes. taxes. okay, you can say taxes. when you separate taxes from revenue, we are going to raise revenue, not taxes, you get strange things, it seems. there's all sorts of privatization. take the highway, we are going to sell it to you. lease it back and get a one-time payment from that. this is something that's happening right now in baltimore that i think is pretty fascinating. take a look. >> i thought it was idiotic. why do we want to look like nascar? look like a bus going...
327
327
Dec 5, 2012
12/12
by
FOXNEWSW
tv
eye 327
favorite 0
quote 0
let's take a closer look at california's tax rate. the top individual tax rate was 10.3%. the second highest in the nation. due to a new proposition that was just passed that number is going to jump to 13.3% for top earners. perhaps this sentiment seems to be working in the golden state. which also has a corporate tax rate of 8.84%. which is why you don't see companies clamoring to open businesses in the state. pill * a lot of debt. martha: mr. grant from the "mary tyler moore show"? he voiced over that. he lives in france. bill: new concerns the u.s. is running out of doctors at a time when obama-care will put millions of americans into the system. our fox news medical a-team doctor on what needs to happen there. martha: they were trapped under a car struggling to breathe and split second heroics saved theof lives of her mother and child. of pepto-bismol to-go. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tour
let's take a closer look at california's tax rate. the top individual tax rate was 10.3%. the second highest in the nation. due to a new proposition that was just passed that number is going to jump to 13.3% for top earners. perhaps this sentiment seems to be working in the golden state. which also has a corporate tax rate of 8.84%. which is why you don't see companies clamoring to open businesses in the state. pill * a lot of debt. martha: mr. grant from the "mary tyler moore show"?...
130
130
Nov 28, 2012
11/12
by
FOXNEWSW
tv
eye 130
favorite 0
quote 0
we do it through the tax code but the tax code, we are a good example. we are not rich but we are trying to get rich and the tax code goes after those that are trying to get rip. >>neil: isn't california just approved two tax hikes sales and income on your very group. so that is a triple whammy. >>guest: you have to be wired differently to do business in california. you have to extra extra drive. >>neil: why do you do it? >>guest: the weather. >>neil: i will agree with you there. >>guest: our business has to have good weather. we can keep our employees employed year round because it sunny and warm and almost throughout the year, december and january are the exceptions. >>neil: when you say defer deferring to december and january -- let me ask you, if your husband says your business is picking up, that would speak to what the president is saying and to could be the wind at your back? >>guest: i know how hard he works and --. >>neil: your husband? >>guest: yes. >>neil: in the you were talking about your husband? ing he works six days a week and he has done
we do it through the tax code but the tax code, we are a good example. we are not rich but we are trying to get rich and the tax code goes after those that are trying to get rip. >>neil: isn't california just approved two tax hikes sales and income on your very group. so that is a triple whammy. >>guest: you have to be wired differently to do business in california. you have to extra extra drive. >>neil: why do you do it? >>guest: the weather. >>neil: i will agree...
164
164
Nov 30, 2012
11/12
by
CSPAN
tv
eye 164
favorite 0
quote 0
the president has been clear and we support him on holding firm to the 250 tax cuts, expiration of tax cuts for people making over $250,000 a year. that would be part of a big package that has big can cuts. we've already voted for over a trillion dollars in cuts. revenue is needed and job creation is essential to reduce the deficit. we believe if you want to reduce the deficit grow the economy. it's all together. that is attested by every bipartisan task force, commission, you name it that has come together. you can't get here from here in terms of deficit reduction and fiscal soundness without having revenues be on the table. i'd like to yield to the assistant leader for his comments. >> thank you. i think that this meeting was very very fruitful. it simply remind us once again of exactly why we are here. but i don't know -- but i would add to what the leader has said the time for posturing is over which we are in the holiday season when people will love to turn to their families with some certainty and i think we ought to give them that. and it's very easy to do. the president has la
the president has been clear and we support him on holding firm to the 250 tax cuts, expiration of tax cuts for people making over $250,000 a year. that would be part of a big package that has big can cuts. we've already voted for over a trillion dollars in cuts. revenue is needed and job creation is essential to reduce the deficit. we believe if you want to reduce the deficit grow the economy. it's all together. that is attested by every bipartisan task force, commission, you name it that has...
155
155
Nov 29, 2012
11/12
by
CSPAN
tv
eye 155
favorite 0
quote 0
well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax cuts expiring for everybody. we see the production tax credit expiring which is something important for work in the wind industry and the area of industry that promotes environmental matters. we also see the expiration of things like the estate tax, the s.g.r., which is the doctors fix for medicare. and we also see the sequestration which is the outcome, time outcome of the budget control act that we passed in august, 2011, which is now coming due, and there will be equal defense and discretionary spending cuts on both sides which will be -- which
well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax...
124
124
Nov 30, 2012
11/12
by
CSPAN
tv
eye 124
favorite 0
quote 0
you pay a 5% income tax rate. then payroll tax. your payroll tax is 15.3%, mr. speaker. every wage earner in this land, 15.3% they pay each
you pay a 5% income tax rate. then payroll tax. your payroll tax is 15.3%, mr. speaker. every wage earner in this land, 15.3% they pay each